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Understood. That's what makes Estonia and Latvia attractive from a corporation tax point of view (taxation only at the point of distribution/ drawdown).

But that is not an option available to you...

Statistically, you are unlikely to be investigated. However, should you be investigated by HMRC, they would likely view frequent purchases in this way as a sign of systematic abuse.

Consider your...

I've also enjoyed your posts WordIsBond. On several occasions over the years, your posts have stimulated my own investigations. Best wishes

IMO the most important subject there is.

In my case? I can't imagine working in corporate I.T full-time for more than another few years (when I am 50). But I'm not going to beat myself up if I...

Your courage to follow the "road less travelled" is commendable. No regrets. Why worry about a future job you will surely secure, when the hiring manager doesn't even know he needs someone yet.. and...

Unfortunately OP, as others have said, a degree is not a legitimate business expense in the UK. No one has commented on whether it can be partially expensed (with a personal BIK and business...

OP can check this link also for more info (not sure how current it is, but the application process is clearly explained):
How to Become a Freiberufler in Germany! — Nomaden Berlin

2. Yes - Corporation tax will be owed on any profits after salaries, expenses and other deductions, before dividend payments.
3. UK tax residency is "sticky": easy to get, difficult to lose. Unless...

The entire premise of the OPs argument is flawed. By defining a narrow range of operating criteria, which he incorrectly assumes is representative of your average contractor, he then proceeds to link...

Freiberufler status is also an option. A local steuerberater (accountant) would be helpful to ensure your application to the Finanzamt is presented correctly. There is an old post against my profile...

How did you do this year?
Billing around 220 days. Higher than normal for me.

What went well:
After a 6 month break 2019, secured a contract in London (energy sector) starting January. Enjoying...

Really interesting thanks - a quick browse of Dice confirms what you said.

Not appealing to me due to my European timezone and family commitments, but if I was single I would consider relocation...

If your skill is in an area where your counterpart working for the vendor charges €2K a day, there is always an arbitrage contracting opportunity somewhere, with space for your rate, an agent, and...

Practical advice for the OP.

If you can choose location, and want to maximise salary retention, Zurich is preferable.

Other factors to consider are language skills (do you speak German or...

As this thread heads towards 1M views, it proves the saying that "misery loves company".

For anyone struggling to find a contract, or in a dark place mentally, it's fair to say this thread will be...

Exactly. Although the eighth circle of hell is reserved for those posters that understand that daily rate is just a number, and it is how retention is maximised that counts

Do you know that guy in your project who is smart, and could learn to do anything, if he wasn't so lazy that he expected relative strangers to make his life easier? Even when you give him advice, he...

1. It's never going to happen. The UK cannot deviate too far from the EU CT mean due to transfer pricing incentives.
2. If it does happen (as part of an EU trend on CT uplift) there will be...

Would just like to agree with the other posters regarding Zurich as a place to live. The lifestyle is fantastic. Andermatt, Gotthard Pass (think Tour of Switzerland, and one of the most spectacular...

Have you taken the "contractor mentality" (patent pending) questionnaire?

1. Is your profession simply a way to make money to fund other interests.
2. Do you agree with the saying "The saddest...

Last time I heard from them was in 2017 or 2018, concerning a contract with Santander in Netherlands. I sent my CV over, and the agent told me, "I see your last contract was only for 1 year. We...

I agree with BB concerning a multiple company setup. There are many advantages related to conducting business through companies in multiple tax jurisdictions. The simplest one concerns corporation...

Not the highest, but best rate was £625 per day, 2011-2013 working in Denmark for a consultancy. Exchange rates were good, I lived in a serviced apartment with 2 other cool guys, expensed everything...

What is preventing you, assuming you plan to open another Ltd, opening a second Ltd. 6 months say before an MVL, and then doing the MVL on the first company? You already have a Ltd. open, but I...

deepblueuk,
I'm in a similar position in the EU, with many years of non-residence, working for a UK client through my own UK limited company, with occasional site visits to the UK.

Assuming you...

Great post, should be a sticky. Pretty much the same experience I had there.

4 week shutdown at the UK FS co where I work. Taking an extra week off, 1 week working from home both sides, 7 weeks with the family. Can't wait.

I was speaking to a tax advisor about a gig in Frankfurt earlier this year, and he suggested the criteria for getting freiberufler (freelance) status had become more stringent since beginning of...

"Good rates" are also country specific and dependent on your tax setup. A flat number (unless it is very large) is meaningless without context. In Germany it used to be around €700 per day, until tax...

😎😁Indeed. Adding my smiles belatedly

All the previous posters are missing the point. It all depends where your holiday destination is.

If it's Hull, for example, i suggest HMRC will never suspect you were taking a holiday.

Liking the positive attitude in this thread. A simplistic measure i use is how long i need to work to pay all my family bills for the month. In the old days it could have been 2 weeks to pay for a...

Everyone who finds it works for them disagrees with you. What was the question again

RBS are garbage for currency accounts. If you want online banking you need to upgrade to their pricey bankline lite package. Otherwise you need to phone to check your currency balance. And imagine.....

Smartphone, privacy screen, Bluetooth mouse connected to phone, Earbuds, Feedly, podcasts, Rosseta stone. Whatever you prefer.

Only you know how long you can keep it up for.

Personally I...

1) It is a good idea to read up on the "stickiness" of UK tax residency, and the assessment procedure based on number of connections you hold. If I remember correctly, you need to watch the number of...

As stated there are threads already covering this that you should read. At least one of which you can find linked to my name (regarding freelance or "freiberufler" status in Germany). If you do on...

No, you cannot claim for relocation. As an alternative, perhaps investigate the new company angle more fully. As a minimum, to see if there were transfer pricing advantages from UK to your new...

As I recall they have a system where you submit a VAT number, they validate it, and bookings are charged NET.

Used Airbnb many times, predominantly in Europe. Only bad experiences (2 times) were...

It may appear illegal also. However, if the dividend payment was made according to future revenue expectations, that never materialise, the requirement will be for the shareholder to repay the...

Read the thread, "Germany the taxman cometh", read about the cosy mutual tax sharing arrangement between the UK and German authorities , and then speak to a German tax accountant.

There is no...

Worth doing some reading on the ''sticky" properties of tax residency: easy to get, hard to lose.

+1

There are advantages to operating through split tax jurisdictions, in terms of revenue management using companies with different financial year ends and transfer pricing

I usually offer an onsite and offsite rate. This has political mileage, for yourself and your manager. So if anyone has a go at your WFH status, you can emphasise the blended rate (without providing...

Assuming this is at least a semi-serious question, and people still read threads after 7 pages.

The most interesting factor I think is a philosophical one, and WFH gives you the opportunity to...

How much toilet roll can a man use?

Hi Zippy,

Hopefully someone will come along shortly to give you appropriate advice.

You really shouldn't be paying 66%, as that means on a 5 day work week, you are working almost until...

Indeed, nicely put. Derrek Jensen in his book Endgame, describes work as an exchange of your life (time) for money. But he puts it much better than this, saying, you are effectively selling your...

Its time for your grandmother in Australia to die (again)

Hi,

Some feedback to the group for contractors thinking of working in Germany.

This supplements 2 excellent linkies already available in the forum:

IT Contracting in Germany - Money & Tax...